Baring Private Equity Asia and CITIC Capital bought WSE for around $300m (£225m), but the deal is only expected to improve Pearson’s debt by around $100m – a “paltry sum”, according to analysts at Liberum.
Two Asian funds are poised to swoop on education firm Pearson’s English language unit, according to reports. Baring Private Equity Asia and Citic Capital Holdings have entered exclusive talks for Pearson’s language training centres, known as Wall Street English, after making a joint bid, sources told Reuters.
Publishing group to raise its exposure with bigger stake in Penguin Random House
Pearson’s shares tumbled more than 25 per cent this morning, after the education company withdrew its profit goal for 2018. It has also announced plans to sell its stake in publisher Penguin House, after an “unprecedented period of change and volatility”. A textbook perfect storm
Pearson is targeting the global market for online university degree courses as it seeks to reassure investors about the slowdown in other areas of its education businesses
The publishing firm Penguin Random House is considering a sale of its illustrated books division Dorling Kindersley, Sky News has reported
Exor, the investment vehicle of the Agnelli family will acquire most of Pearson’s stake
Pearson is today announcing that it has agreed the sale of FT Group to Nikkei Inc. for a gross consideration of £844 million, payable in cash. Financial Times is one of the world’s leading news organisations, recognised for its authority, integrity and accuracy. It includes the FT newspaper, FT.com, How to Spend It, FT Labs, FTChinese, the Confidentials and Financial Publishing (including The Banker, Investors Chronicle, MandateWire, Money-Media, Medley Global Advisors and more)
Pearson is in “advanced discussions” over a sale of the Financial Times, it said on Thursday. Reuters said the London-based FTSE 100 company had decided to sell FT Group to an unnamed global digital news company, according to a person familiar with the deal.
Sales up 2% at CER to £2.0bn reflecting good growth in digital, services and emerging markets, offset as expected, by the impact of school curriculum change in the US and the UK; also, this year, seasonal changes in phasing have helped first half sales in North America and hurt those in Core markets, especially the […]
Pearson says it is on track to meet its forecasts for its full-year profits although a rise in the value of sterling dampened its sales in the first three months of 2014
Ahead of the London Book Fair, the UK head of Penguin Random House insists his industry has coped with the digital revolution better than any other
Ahead of the London Book Fair, the UK head of Penguin Random House insists his industry has coped with the digital revolution better than any other
FT’s total circulation grew by 8 per cent to 652,000
Pearson reported static revenues for 2013 but a significant decline in adjusted operating profit after restructuring charges
Shares in publisher Pearson, owner of the Financial Times, plunged in morning trading on Thursday after the company issued a profits warning
Pearson, the world’s leading learning company, is today providing its regular January trading update
Pearson, the world’s leading learning company, has agreed to acquire 100% of Grupo Multi, the leading adult English Language Training company in Brazil
Pearson has agreed the sale of The Mergermarket Group to funds advised by BC Partners for an enterprise value of £382 million, payable in cash
UBM replaces Pearson in Goldman Sachs’s media sector ‘conviction buy list’. Heavyweight broker Goldman Sachs reckons the quality of media assets is improving, but that has not stopped it downgrading sector behemoths Pearson (LON:PSON) and Informa (LON:INF)
